American Elephants

The Record of the First Four Years: by The Elephant's Child
November 8, 2013, 6:08 pm
Filed under: Capitalism, Democrat Corruption, Economy, Progressivism | Tags: , ,


In the first four years of the Obama administration, the real median income of American households dropped by $2,627. The number of people in poverty increased by approximately 6,667,000 according to data the Census Bureau released today.

The number of people now officially in poverty is now a record 46,496,000, or twice the population of Syria — depending on how many have been killed recently.

The poverty threshold depends on the size of the family. A single person living by themselves was considered in poverty if they earned less than $14,937. A family of two was in poverty if they earned less than $14,937, and a family of three met the threshold at $18,284, a family of four at $23,492 and so on.

The real unemployment rate (the U-6 unemployment rate) is a broader measure of the unemployed plus all persons marginally attached to the labor force plus the total employed part-time for economic reasons. The U-6 rate is a fuller picture of people who are willing and able to work, but cannot find a job.

The U-6 rate was 14.5% in January 2009 and rose to a high of 17.1% in October November and December 2009 and through April 2010. The rate did not fall below 14% until March 2013 when it hit 13.8% where it is today.

To fix everything Obama recommends a pathway to citizenship for America’s illegal aliens. Not sure how that works. Just changing the subject?

ADDENDUM: The latest GDP report shows that Obama’s policies continue to weigh down the economy. The recovery from the Obama Recession is now 51 months old and the weakest since the Great Depression. Consumer and business spending have slowed and the recovery is $1.3 trillion below average. Had job growth been merely average there would be 7.3 million more people with jobs — or 64% of those looking for work would be employed. It was, of course —Bush’s fault, and when that didn’t work, insufficient stimulus, “head winds,” the Arab Spring, and problems in Spain, Italy and Greece. Now it’s the government shutdown. His own economic policies are never mentioned.

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