Here are the top 10 economic indicators that Obama doesn’t want you to pay attention to:
1. Unemployment rate
Despite his promise that the nearly $1 trillion 2009 economic stimulus would get America working again, the unemployment rate has been above 8 percent for 43 straight months. The current 8.1 percent jobless rate woefully understates the reality of problem. When taking into account people working part-time who want a full-time job and those who have given up looking for work, the rate is over 15 percent. Add in recent college graduates working at McDonald’s at the rate tops 18 percent.
2. Job creation
At the Democratic convention, Obama was quick to praise himself for having presided over the creation of 4.5 million jobs “over the last three and a half years.” The only problem is that he doesn’t include the jobs lost in the recession earlier in his term. A true reading of job creation under Obama shows a net gain of only several hundred thousand and he has the worst record on growing employment of any president since World War II.
3. Economic growth
Remember the “recovery summer” that Joe Biden promised in 2010? Or how Obama’s stimulus package was going to get the economy moving with all those “shovel-ready” jobs? The latest GDP report showed anemic 1.7 percent growth in the second quarter as any short-term benefit from Obama’s fiscal shot-in-the-arm has faded and now the nation is facing the possibility of a double-dip recession.
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Top 10 bad economic signs for Obama - Conservative News
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