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Obama Economy Worst Since Jimmy Carter

95 million Americans are not working today. This represents a workforce participation rate of a deplorable 62.6% – the worst since the Carter Administration. In 2009, this rate was at 65.7%. The the number of unemployed women over 18 has risen exponentially, 7 million less women are working today. Due to the unscrupulous methodology of calculating the unemployment rate, today it stands at 4.9%.

Americans that have surrendered their effort to find work are not considered unemployed. Also not counted are folks that want a full-time job, but had to settle for a part-time job. Persons that have lost their job and are collecting any sort of government assistance are not counted as unemployed.

When unemployment benefits have been exhausted, these folks are no longer considered unemployed. When these groups are counted, the true unemployment rate is 10.3%. However, approximately 30% of adults does not work.

Approximately 75% of all jobs lost since 2009 were full-time jobs. Conversely, approximately 75% of all newly employed Americans were hired as part-time.

Government Assistance:

1 – In 2009, there were 23 million Food Stamp recipients. Today there are 50 million recipients.

2 – 21.3% of Americans are receiving some sort of government assistance.

3 – 51% of immigrants – legal and illegal – receive Welfare and/or Food Stamp benefits.

4 – The number of illegal immigrants collecting government benefits is incalculable. The states that approve these benefits do not make the numbers known to the public.

5 – Since the “Red lines” debacle with Syria, upwards of 300,000 Syrian “refugees” have been imported the United States. They have been flown in on the taxpayers’ dime. By default, they are labeled refugees and they are immediately eligible for all government benefits.

6 – While 95 million Americans are not working, 5.5 million work permits have been issued to foreigners that came to America via student visa, or as a tourist.

7 – Counting the illegals that have crossed the unguarded border, and the work permitted foreigners, over 10 million people have been added to the population. However, none of them are counted in any unemployment calculation.

Median Income:

The average American median income has dropped precipitously each year since 2009. It has fallen from $55,000 per year to $50,000. The median work week has fallen to 33 hours per week.

National Debt:

America's first 43 presidents racked up an astounding $9 Trillion debt. Our 44th President has more than doubled that amount to $19,006,830,990,765 according to the FY2016 Federal Budget.

If it took you two minutes to read this, the debt rose $6 million in that time.

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This post first appeared on PoliticsRightHere, please read the originial post: here

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Obama Economy Worst Since Jimmy Carter


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