Obamanomics: People in Poverty Up 6,667,000 … Record 46,496,000 Now Poor … Median Income Down Nearly 5% to $2,627
Hey America, hoes that “Hopey-Changey” stuff working out for you?
Thanks to President Barack Obama and his disastrous economic policy, median income is down 4.89% or $2627 and poverty is up to a record 46,496,000. But Barack Obama will tell you he is for the little guy and the middle class. Sure he is. What a disaster this man has been to the United States and its people. It is going to take decades for this country to undo the damage he and Democrats have done. It is mind boggling how he was ever reelected with such a totally epic failure of the economy, jobs and, unemployment.
During the four years that marked President Barack Obama’s first term in office, the real median income of American households dropped by $2,627 and the number of people in poverty increased by approximately 6,667,000, according to data released today by the Census Bureau.
The record total of approximately 46,496,000 people in the United States who are now in poverty, according to the Census Bureau, is more than twice the population of Syria, which, according to the CIA, has 22,457,336 people.
In 2008, the year Obama was elected, real median household income in the United States was $53,644 according to the Census Bureau. In 2012, the last full year of Obama’s first term, median household income was $51,017. Thus, real median household income dropped $2,627—or 4.89 percent—from 2008 to 2012.
Please wake the hell up America and vote
Another Disasterous Obama Jobs Report: Only 169,000 New Jobs Created in August …Jule & July Revised Down by 74K Jobs … Black Unemplyment Up to 13% … Labor Participation Rate Falls to 5 Year Low of 63.2%
No wonder Barack Obama wants to start a war in Syria … have you taken a look at the miserable jobs report from yesterday thanks to Obamanomicis and Obama’s failed jobs recover?
Yesterday’s jobs report for August 2013 could not have been more miserable. The unemployment rate fell from dropped from 7.4% to 7.3%, but for all the wrong reasons. A pathetic 169,000 jobs were created in August 2013, but it was the 35 year low of the labor participation rate that actually caused the unemployment rate to drop. Americans are literally giving up and have stopped looking for jobs and no longer counted in the unemployment numbers, To make matters worse, the jobs data was revised downward by a total of 74,000 jobs for June and July 2013. The numbers for teenagers, blacks and Hispanics are a disaster. Among teenagers, the unemployment rate is 22.7%; for African Americans, it’s 13%; for Hispanics, 9.3%.
Obama and Obamanomics has been an “Epic Failure”. But if you want to be on welfare and food stamps, he’s your man.
America, you voted this failed President back in for a second term, why?
“The change in total nonfarm payroll employment for June was revised from +188,000 to +172,000, and the change for July was revised from +162,000 to +104,000.” That means we added 74,000 fewer jobs than we thought in June and July.
CNS News: 90,473,000: Record Number Not in Labor Force–Up Almost 10M Under Obama.
The number of Americans who are 16 years or older and who have decided not to participate in the nation’s labor force has pushed past 90,000,000 for the first time, according to data released today by the Bureau of Labor Statistics.
The BLS counts a person as participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks. A person is not participating in the labor force if they are 16 or older and have not sought a job in the last four weeks.
In July, according to BLS, 89,957,000 Americans did not participate in the labor force. In August, that climbed to 90,473,000–a one month increase of 516,000.
Bureau of Labor Statistics report report (age, gender, race, etc.) the unemployment rate among blacks increased the most – almost a full half-point, from 12.6% to 13%.
Among the major worker groups, the unemployment rates for adult men(7.1 percent), adult women (6.3 percent), teenagers (22.7 percent),whites (6.4 percent), blacks (13.0 percent), and Hispanics (9.3percent) showed little change in August. The jobless rate for Asianswas 5.1 percent (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)
Other disastrous jobs data from the worst president ever. Obama claims he is for the middle class, yet has only benefited the top 5%. The very people who voted for Obama, blacks and young voters, have been the most adversely affected by his poor economy policies.
- Under Barack Obama Only 5% Have Recovered from Recession, the Other 95% are Still Experiencing It.
- Teen Employment Hits Record Lows Under Barack Obama Presidency … Great Depression for Teens.
Can’t blame this one on George W. Bush … How can Obama actually says he cares?
How’s that “Hopey-Changey” thing working out for your teens in America? Thanks to Barack Obama, we are witness to a Great Depression for teens. How is it that young people are for Barack Obama when none of them can get a job thanks to is moronic handling of the economy? And they have nothing better to look forward to when they leave their teens as well. Obama has been a disaster for the economy and jobs. He constantly says that he is focused like a laser on creating jobs, but continues to be an epic failure. The teen employment numbers get even worse when you look at race. When comparing June and July 2000 and the same two months of 2013 … in 2000, 61.28% of white teens 16 to 19 held a job, a number that fell to 39.25% this summer. But for African-Americans, the number that was completely pathetic. In 2000, 33.91% of 16 to 19 year old’s holding a job, fell to a staggering low of 19.25 percent this June and July. Good grief, that should be criminal. If Obama was nit black the NAACP would be marching in the streets. Obama has been a disgrace to the black community, yet they support him like he actually cared.
These job numbers border of child abuse.
Obama shakes the hands of unemployed teens
For the fourth consecutive summer, teen employment has stayed anchored around record lows, prompting experts to fear that a generation of youth is likely to be economically stunted with lower earnings and opportunities in years ahead.
The trend is all the more striking given that the overall unemployment rate has steadily dropped, to 7.4 percent in August. And employers in recent months have been collectively adding almost 200,000 new jobs a month. It led to hopes that this would be the summer when teen employment improved.
In 1999, slightly more than 52 percent of teens 16 to 19 worked a summer job. By this year, that number had plunged to about 32.25 percent over June and July. It means that slightly more than three in 10 teens actually worked a summer job, out of a universe of roughly 16.8 million U.S. teens.
“We have never had anything this low in our lives. This is a Great Depression for teens, and no time in history have we encountered anything like that,” said Andrew Sum, director of the Center for Labor Market Studies at Northeastern University in Boston. “That’s why it’s such an important story.”
Is is any wonder why Barack Obama wants to start a war with Syria and take the focus off of his dismal domestic policies, record, failures and scandals?
Posted August 29, 2013 by Scared Monkeys
Barack Obama, Blacks, Campaigner in Chief, child abuse, Child Welfare, Community Agitator, Divider in Chief, Economy, Epic Fail, Hope and Change, Jobs, Labor Force, Minorities, Obamanation, Obamanomics, PT/FT Jobs, Recession, The Lying King, Unemployment, WTF | 2 comments
President Barack Obama … the 5% President. CNBC reports, Obama’s policies have only benefited the top 5%. What else would you expect from the “phony” President who claims he is for the middle class to get their vote and then vacations and hangs with the 1%, or 5% as the case may be. His very policies have helped the rich, not those he claims are his peeps. 95% of Americans are still experiencing the recession.
Ha, and you thought I cared, I cared about your vote, nothing more
How strong the economic recovery has been since the Great Recession ended in 2009 probably depends on viewpoint.
For those in the top 5 percent, the recovery has been pretty good.
As for the other 95 percent, well … maybe not so much.
Post-financial crisis wealth disparity has been well-chronicled.
Federal Reserve Gov. Sarah B. Raskin drew widespread attention with this speech in April that showed how poorly the lower income levels have fared during the recovery, particularly because those demographics have their wealth concentrated in housing and are hit far more severely by falling prices.
The unemployed in lower-income groups also take a hit because they have a more difficult time finding jobs that pay at a rate commensurate with the positions they lost.
The conclusion isn’t pretty:
Huge leaps in the income and wealth of the top 5 percent mask the decline of income and wealth of the bottom 95 percent. Average all wealth and income and it appears that the economy is expanding to the benefit of all, when it fact only the top 5 percent have escaped the recession; the recession never ended for the bottom 95 percent.
And there’s more:
An even better way to create an illusory expansion is to simply not measure trends that would reveal a deepening recession. For example, what percentage of student loans are purposefully taken out as a substitute for income, i.e. used to pay basic living expenses rather than education? Anecdotally, there is plentiful evidence that a great many people are signing up for one class at the local community college in order to get a student loan to live on.
More Sacrifice from Obama & the First Family … Obama Vineyard Vacation at $7.6 Million Private Resort …More than 75 Rooms Booked for Staff
Barack Obama, the phony working class President …
America, it’s time to admit you have a phony for the middle class president and come to the realization that Barack Obama is a 1%er. As most Americans stay home for their vacation, worry whether they can pay the bills, keep their home, their job and their insurance … Obama leads by example and shows his shared sacrifice by heading off to Marha’s Vineyard once again for vacation at a $7.6 million private resort. Nothing says for the middle and working class like life styles of the rich and famous of Martha’s Vineyard. I guess he will be focused like a laser on the economy and jobs for Americans while he is vacationing on the Vineyard at tax payers expense. When is America ever going to wake up and realize that this president could care less? As record number of Americans are on food stamps, the unemployment rate continues to be about 7%, more part time jobs than full time ones are created and this elitist, phony president jets off for vacation.
Democrat Mayors were complain in 2011 about Obama’s vacations in Martha’s Vineyard and he has never stopped … as previously stated, Obama could care less, let then eat snow cones.
The Massachusetts island of Martha’s Vineyard, the exclusive playground for presidents and their families, is about to get its annual summer infusion of cash and attention as President Obama and his family prepare to arrive August 10 for an eight-day vacation.
Local reports indicate that the first family will likely be staying at a $7.6 million resort home on southern edge of the island in the town of Chilmark where homes feature water access to Chilmark Pond, tennis courts and swimming pools.
Staying at the home of Chicago corporate finance manager David Schulte is a break from past Obama vacations because the $21 million home they’ve rented, Blue Heron Farm, isn’t available. Schulte’s summer home sits on nine and a half acres, has ocean views and a basketball court.
While the president typically keeps to himself and carries with him only a handful of staffers to Martha’s Vineyard, security will be tight. As in the past, the Wesley Hotel in Oak Bluffs will house security and communications officials. The owner told the Vineyard Gazette that the Secret Service has booked 70 rooms and another five have been reserved for the Transportation Security Agency. Rates at the hotel run from $225-$345.
As the Gateway Pundit opines regarding Obama, “skin in the game for thee, not for me and Michelle”. It must be nice taking a vacation on someone else’s dime.
More Shared Sacrifice and ‘skin in the game’ from your ‘Vacationer’ in Chief
Wall Street Journal/NBC News Poll Has Obama Job Approval Levels at Lowest Rating Since November 2011 … 45% Approve, 50% Disapprove
DOWN, DOWN, DOWN …
It is becoming a trend, President Barack Obama’s job approval ratings are sinking in multiple polls. The most recent is the Wall Street Journal/NBC poll that has Obama at 45% approval, 50% disapproval. The Hill is reporting that this is the lowest approval percentage for the president since November 2011. Obama has tried his hardest to blame GWB for everything during his presidency and now Obama has a direct comparison to W. The 45% approval rating is the same was former President George W. Bush had at the same stage of his second term. Ouch, how is the MSM going to spin that? Obama was supposed to be like Reagan, Lincoln and Kennedy … not George W. Bush.
A Wall Street Journal/NBC News poll released late Tuesday finds Obama with 45 percent approval and 50 percent disapproval.
Those numbers are down from the same poll taken in June when Obama had a positive 48-47 split.
It is the lowest approval percentage for the president since November 2011, when the poll found him with a 44 percent approval, 51 percent disapproval.
Obama’s rating matches the 45 percent approval former President George W. Bush had at the same stage of his second term. President Clinton scored a 56 percent approval rating at a similar point in his presidency, according to the Journal.
The Politico gleams an interesting nugget of data from the poll, support among blacks have fallen 10% from June and 15% drop from April. Could it be that even the race-baiting that Obama has participated in with the aftermath of the George Zimmerman murder trial where he stated that Trayvon Martin could have been him 35 years ago. However, in the end blacks are more likely focused on the fact there are no jobs, the jobs that do exist are part time and the promises that Obama made about Obamacare were simply lip service to get reelected.
The poll’s numbers reflect Americans’ assessment of how Obama is handling the economy: Forty-four percent said they approved and 51 percent said they disapproved.
Pollsters also pointed to a drop in support among African-Americans as a possible explanation for Obama’s falling numbers, as 78 percent approve of Obama’s work, a 10 point drop since June and 15 point drop since April.
The Real Clear Politics Obama job approval average has Obama underwater.
Senator Joe Manchin (D-WV) Loses in Mind on Barack Obama Over Obama’s War on Coal … “This Is Ridiculous … I Am Batting My Own President and My Own Government!”
THE DIVIDER IN CHIEF IS EVEN DIVIDING HIS OWN PARTY … BARACK OBAMA’S WAR ON COAL SENDS DEMOCRAT WEST VA SENATOR OVER THE TOP AGAINST PRESIDENT BARACK OBAMA …
Obama to Manchin, support me in 2012 for president Joe, I was just kidding about killing coal.
This morning on FOX News ‘Fox & Friends’ US Senator Joe Manchin lost his mind and blew his cool in reaction to President Obama’s speech yesterday regarding “climate change” and his war on coal. Manchin’s state of West Virginia would lose countless jobs due to Obama’s war on coal. In essence Obama has declared a war on coal, a war on jobs and a war on West Virginia. Joe Manchin described wgat Obama was doing as a ‘War on America’. WOW, Manchin is a DEM. This is a must see video below as a Democrat openly attacks Obama for his misguided liberal energy policy. After all, it was Obama who basically called Manchin, a member of his own political party, a flat earther. Manchin angrily went on to say, “It’s just ridiculous that I, as a U.S. senator, am battling my own president and my own government. … I’m willing to reach out but I don’t need adversaries here. I need a partner!” Of course I am not sure what politicians from coal states like West Virginia and Ohio thought Obama was going to do? He promised to kill coal during the campaign. And just a heads up to the foolish Sen. Sherrod Brown, liberal Democrat from coal-rich Ohio, you can’t do what Obama is talking about, kill coal and create jobs. What planet do you live on?
President Obama has angered lawmakers on both sides of the aisle by calling for new regulations on coal-fired power plants. One of them is Democratic Senator Joe Manchin from coal-industry driven West Virginia. Manchin argues that Obama’s proposed regulations will kill jobs and when asked by Fox & Friends host Steve Doocy today how angry he was by the president’s proposal, he replied, “I don’t think you have a scale . … It’s just ridiculous. It’s just ridiculous that I, as a U.S. senator, am battling my own president and my own government. … I’m willing to reach out but I don’t need adversaries here. I need a partner!”
How’s that “Hopey-Changey” stuff working out for ya America?
Obamanomics has been an unmitigated disaster. The economy is a disaster and any reports that it is getting better is hogwash. A record number of Americans are on food stamps, the actual unemployment rate is much higher than the presently reported 7.6%.And then we have the real indicator that tells us how Americans are really doing. According to a CNN poll via Town Hall, 76% of Americans are living paycheck-to-paycheck. For all the promises that Obama has made that he would make the economy better and in turn the lives of Americans. The joke is on you America. Obama may be an empty suit, but he has left 76% of Americans with empty pockets.
Roughly three-quarters of Americans are living paycheck-to-paycheck, with little to no emergency savings, according to a survey released by Bankrate.com Monday.
Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency or some other unexpected event, according to the survey of 1,000 adults. Meanwhile, 50% of those surveyed have less than a three-month cushion and 27% had no savings at all.
To make matters worse, in the past three days, Americans has lost countless money in their 401k’s with the DOW tanking after Fed chairman Ben Bernanke’s comments last week that they are going to taper back the flow of money and artificially supporting the markets. Bernanke said the economy is getting better. REALLY? 76% of Americans would disagree with you sir.
HOW IN THE HELL WAS BARACK OBAMA, THIS EPIC FAILURE REELECTED!!!
President Barack Obama Says He Won’t Balance Budget ‘Just for the Sake of Balance’ … In Other Words, He Will Never Balance It!
File the following under something we did not know … Barack Obama has no intention of ever balancing the budget.
In an exclusive interview with ABC News, President Barack Obama rejected calls to balance the federal budget, as set forth by Rep. Paul Ryan (WI-R) in his recently released budget, in the next ten years and instead argued that his primary economic concern was not balancing the budget, but rather growing the economy. HUH? Growing the economy, how does this socialist, anti-capitalist, over-regulating president plan on doing this? What a shock, Barack Obama has returned back to his fear mongering and smear tactics after Paul Ryan released a responsible way to provide growth and reduce the budget. Let’s face it, Obama has no idea what he is doing with the economy and does not plan to reduce the deficit, because he is the one who has mainly helped in creating this $16 trillion and counting debt. The only growth that Obama knows is the record number of Americans on food stamps.
Obama, I plan on balancing the budget this much.
My goal is not to chase a balanced budget just for the sake of balance. My goal is how do we grow the economy, put people back to work, and if we do that we are going to be bringing in more revenue,” he said. Obama rejected a proposal put forth by Rep. Paul Ryan today that would balance the budget in ten years, saying the Republican House member’s plan “slashes deeply” at programs like Medicaid.
Instead, Obama went back to his more comfortable demonization and “Divider” in Chief, community agitator mode and told George Stephanopoulos that Ryan and Republicans are attempting to balance the budget on the backs of the poor, the elderly, students. So much for the “offensive charm”, welcome back the blame and division of America. So I guess Obama is trying to destroy America on the fronts of the poor, elderly and students? Just wondering, what ever happened to shared sacrifice and everyone is supposed to have skin in the game, including the poor, elderly and students?
We’re not gonna balance the budget in ten years because if you look at what Paul Ryan does to balance the budget, it means that you have to voucher-ize Medicare, you have to slash deeply into programs like Medicaid, you’ve essentially got to — either tax — middle class families a lot higher than you currently are, or you can’t lower rates the way he’s promised,” the president told me. “So it’s really, you know, it’s a reprise of the same legislation that he’s put before.” “If we controlled spending and we have a smart entitlement package, then potentially what you have is balance — but it is not balance to, on the backs of the poor, the elderly, students who need student loans, families that have disabled kids. That is not the right way to balance,” he said.
As we are reminded by the WAPO, Obama plans to release his own budget plan in April, two months after the president is required to announce his budget priorities to Congress. Far be it from Obama to actually perform the required duties of his office. Yet another case of leading from behind as Obama will first see the Ryan and Senate Democrat plan before he puts together his own. Like he would know how to create a budget in the first place. With this deficit $trillion spending president, it is akin to an alcoholic penning his own “what I will not drink today” plan.
UNBELIEVABLE, GET READY FOR 4 MORE YEARS OF ECONOMIC PAIN AMERICA AND YOU VOTED FOR IT …
Don’t worry Obamanomics has saved the US economy, NOT!!! America, the following is not a Joe Biden gaffe. It is what the Obama administration and Democrats actually believe. They think that you are no longer worried about the economy and this way it will enable Obama to move on to guns and immigration as Americans continue to be unemployed. Yesterday at the White House, the economist Joe Biden told reporters, Americans no longer worried about the economy.
“They are no longer worried, I think, about our economy being overwhelmed either by Europe writ large, the EU, or China somehow swallowing up every bit of innovation that exists in the world. They are no longer, I think, worried about our economy being overwhelmed beyond our shores.”
What say you America, are you concerned about the economy, lack of job growth, record number of Americans on food stamps and a standard of living that continues to go down? Just curious, what has changed? It certainly cannot be President Barack Obama’s economic record of job growth as Obama wins the “Gold For Worst Economic Recovery Ever”.