Posted on 01/06/2017 5:07:29 PM PST by Kaslin
And so the era of Obamanomics mercifully comes to an end.
It goes out with a whimper, not a bang as the final jobs report for Obama found 156,000 new jobs in December. That's a mildly disappointing number and is consistent with a seven and a half year pattern of a 2 percent growth rut.
Obama is touting more than 11 million jobs created on his tenure, but that is still at least four million short of the Reagan pace. This recovery has been a mile wide and an inch deep with growth rates in the economy that consistently fell behind the norm of recovery and for most Americans it felt like we were treading water financially.
Even the 11 million jobs claim by the Obama team is more than a little misleading. About half the jobs under Obama fell into the categories of temporary employment and part time hiring, those aren't the kinds of positions you can raise a family on. Also, because the labor report survey counts a part time job as no different than a full time job, in many cases it took two Obama-era jobs to equal one full time job with benefits.
The sub-5 percent unemployment number in this year has also been a statistical illusion. The more Americans dropped out of the workforce or gave up looking for a job, the lower the unemployment rate plunged.
(Excerpt) Read more at foxnews.com ...
Steve Moore is a GIGGLING IDIOT anymore!!
ISIS, facilitated aggressive homo-activism, marginalized marriage, $20+ trillion debt, racial chaos, gender chaos, military compromised, politicized intel agencies, health insurance hell, immigration chaos, abortion evangelist, persecution of Christians, destabilization of the ME, released terrorists from Gitmo ... the guy completely failed, F!
F
Getting a much higher grade ran he deserves.
F minus.
Who is Steve Moore?
“F minus.”
At best. Is there anything lower?
Must be a grade from a 3rd grade class
Graduate level C is an F in reality. Must have B to advance.
Steve Moore = Economic Dumb@ss
Obama was shooting for an F- so I guess he failed again.
C is for Communist.
Steve Moore was kind enough to read, understand, and praise an economic/political tactic I proposed in a letter.
I don’t think he’s far off on this. I have no love for Obama, but when you look at the upside-down demographic situation in the U.S. and the huge debt obligations we faced even before he got into office, I don’t think there’s much anyone could have done to ride out the last 8 years much better than we did.
It’s going to be glorious to be rich under Donald Trump with low tax rates + low interest rates. Bush bailed ‘em out with tax cuts and TARP. Obama and the Fed bailed ‘em out with 0% interest rates and no budgets. Trump to pour it on for the rich at the end for the trifecta! We got economic recoveries that no one ever wants to really pay for.
F-
Soon we shall hear the reassessment of 3Q economic growth from the previously announced 3.5% to....
The real problem with 11 million jobs is that it only gives work to 3.7 million people who have 3 jobs each!
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