5 Years Later: 16 Stats That Put Any Liberal’s Claim That Our Economy Is Healthy To Shame – Independent Journal Review
When it comes to whether the economy has recovered from the Great Recession, many Americans are optimistic. After all, consumers are spending more, there are fewer home foreclosures, and an average of 180,000 jobs were added each month in 2013; all of these are good signs. But what about the other aspects of the economy, like the length of unemployment or the national debt? Are they back to where they were in 2008, before the recession? Here are 16 stats that show that our economy still has a long way to go before it can truly be considered healthy again.
#1 Full-Time vs. Part-Time Employment
1.4 million jobs have been created in 2013. Great, right? Not really when we’re seeing more part-time jobs. And this is before ObamaCare has even been implemented.
#2 Unemployment Rate
Could there be a more misleading statistic? I don’t think so. With a shrinking denominator (workforce) you can blame whoever you want, but we still aren’t to pre-2008 levels.
#3 Labor Force Participation Rate
The Labor Force Participation Rate is now at its lowest level since 1978. This is bad. Sure, some of it may be due to baby boomers retiring, but that doesn’t explain this massive and consistent slide downwards.
#4-7 Characteristics of Unemployment
It takes 20 more weeks for Americans to find a new job than it would have in 2008. The number of unemployed over 27 weeks has nearly tripled. Involuntary part-time workers are up about 50%. SPIN THIS, LIBS!
#8 Unemployment by Demographic
HOW DO DEMOCRATS NOT UNDERSTAND? Completely unrelated: Why did Hispanics, blacks, and young people overwhelmingly vote for Obama again?
Fewer homeowners. More renters. Lower median household income. Still loving that Hope and Change, or do you feel like you got duped by a teleprompter reading pseudo-rockstar that should be organizing communities instead?
#11-13 Debt and Government
$16 trillion in debt. That means we don’t produce (GDP) as much in one year as we owe in debt. And Obama and Democrats want to raise the debt ceiling?? No wonder a minority of people trust the President and Congress.
#14-16 Business and Industry
So Obama’s policies pad the pockets of the rich who benefit from Wall Street? Neat. Isn’t that the same artificiality that got us in this mess in the first place? At least consumer confidence is up…
Click HERE For Rest Of Story