Since 2009, the media has been pushing the lie that the economy is recovering. Article after article that things are great and we are in a historic boom has appeared. When the date did not appear as analysts expected, they used the term unexpected. The truth is the Obama Regime’s polices have failed.
his latest recession started in December 2007. Since the Great Depression75 years ago, recessions in America have lasted an average of 10 months, with the longest previously lasting 16 months, not counting this latest spooky downturn.
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The labor force is actually 365,000 workers smaller today than it was in June 2009, when the recession supposedly ended. Counting population growth since then, the economy is actually missing 7.7 million workers that would be in the workforce if the labor force participation rate had remained the same since the supposed end of the recession three years ago.
As Investor’sBusinessDailyreported on May 7, “That’s in stark contrast to every other post-World War II expansion, which saw the labor force climb by millions at this point in their recoveries, even as unemployment rates were driven down.” Indeed, if labor-force participation had stayed the same as it was when the recession supposedly ended in June 2009, the unemployment rate would be 11 percent, as Investor’sBusinessDailyalso reported on May 7. That is a more realistic number because those millions of workers missing from the workforce still exist and still do not have jobs.
That is the only way the unemployment rate has been falling – working people giving up and dropping out of the workforce. As the WallStreetJournalreported in its weekend edition of May 5-6, “Nearly three years into the [Obama] recovery, the U.S. still employs 5 million fewer workers than before the recession.”
It amazes me that Obama’s poll ratings are still in the 40’s and he’s even competitive. This is due to the power and hold the media still has on people. Despite a failed economy people still view this man as a Sun King. The Obama Boom was lie that unfortunately too many people still are holding onto.
Tags: The Obama Boom
