REAL UNEMPLOYMENT AT 19%
Beneath the surface of Friday’s jobs report lies the reality of just how disastrous the Obama economy truly is.
Consider the following 11 economic facts:
1. When you include the underutilized labor figure with the eight million Americans who have lost hope altogether and stopped looking for a job, real unemployment now stands at just under 19 percent.
2. If the labor force were the same as when President Obama took office in January 2009, the unemployment rate reported on Friday would be 11.2 percent.
3. A record 88,921,000 Americans are no longer in the labor force. To be included in that figure, an individual must be over 16 years of age, a civilian, not in a mental hospital or nursing home, and have stopped hunting for a job for at least four weeks.
4. The average American lost 40 percent of their wealth from 2007 to 2010.
5. Every fifth man in America is out of work.
6. One out of two Americans are now low-income or below the poverty line.
7. Over the past four years, 400,000 food stamp recipients a month have been added to the welfare dole.
8. In 2006-2007, 90 percent of college graduates landed jobs. Under Obama, just 56 percent find work after college.
9. A gallon of gasoline cost $1.84 when Obama entered office. Today, a gallon of gas costs $3.77.
10. Every fourth home mortgage in America is underwater.
11. Under Obama, healthcare costs have skyrocketed 18.9 percent.
The latest Gallup tracking poll shows Mr. Obama leading Republican challenger Mitt Romney 49 to 45 percent.
Written by Wynton Hall and published at Brietbart September 8, 2012.
FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U. S. C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www. law. cornell. edu/uscode/17/107. shtml
I am a poor person, also a minority, who relies on gov’t assistance to survive. I am not lazy, I work 2 jobs. I don’t do drugs. And if I had my choice, I would live without assistance, and not worry about how close I am to becoming homeless. I am so tired of people judging the poor, and saying how they live…I wish people could see what it is like to be me. My story is not unique!
I am a single mom raising kids on my own. The father does not pay any child support and makes a minimum of $90 an hour in his job, owns a house, has a new car & refuses to provide for the children. I have a year left to get my college degree. I cannot get a job in my field, even with my experience & education. My degree is worthless in this economy. So I stopped going to college. I have 2 small part time jobs, and am thinking of changing my studies so I can work where the jobs are. After paying bills, my family has barely enough to survive. We do get foodstamps and medical assistance. I put aside a few cans of food every month for emergencies. We get our clothes from charity. I keep the lights off and heat low to save on energy. I drive a used car to get to work that is falling apart, and am afraid when it goes that I will be in trouble b/c there is no bus service in my area. I also have Lupus and am forced to go to work, even when sick to survive. I have been denied SSI, and today I almost passed out at work due to the pain. You only get 60 months of cash assistance so you have to be very careful on how you use it and when. My kids need me, I am all they have.
I am a Conservative because I feel exploited by Democrats trying to tell me it is better to live on assistance to be independent. 4 years ago the job market was better, especially for college students. I know that if I graduated 4 years ago, and got my degree, I would have a good job with benefits. Today I can’t get a job in my field–it is even difficult to get a fast food or cashier job. I believe in the sanctity of life. And I believe that the American people are bigger than their problems. I believe limited gov’t means more freedom, and most of all I believe in the vision of our Founding Fathers (and we need to teach children American history not liberal arts).
So call me whatever you want, drug test me, just don’t tell me I will vote for Obama b/c it ain’t happening!
This is a story I see all the time. It’s called under employment and hopelessness.
If the Polls are right – it just goes to show you that those on the Government dole – would rather stay on it than work – and hence will vote for the guy who promises the biggest chocolate-dipped ice cream cone.