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News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles. Fair Use Doctrine is posted & used.
Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: editor@arranewsservice.com (Pub. Since July, 2006)
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One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Wednesday, September 18, 2013

The Obama Economy Still Sucks

In Obama’s Economy, Income Inequality Is Wide, Labor Participation Is Low And Jobs Are Part-Time & Temporary
Img: Two Years Of The Same Economic Msg
Income Inequality ‘Widest It's Been Since The Roaring '20s’
“The gulf between the richest 1 percent and the rest of America is the widest it's been since the Roaring '20s. … In 2012, the incomes of the top 1 percent rose nearly 20 percent compared with a 1 percent increase for the remaining 99 percent.” (“Wealth Gap Widens: Richest 1 Percent Earn Biggest Share Of Income Since 1920s,” AP, 9/10/13)

Labor Force Participation Rate ‘Shrunk To A Level Not Seen In 35 Years’
“…the slice of Americans involved in the labor force has shrunk to a level not seen in 35 years. The labor force participation rate -- the percentage of people over 16 who either have a job or are actively searching for one -- fell to 63.2% in August. The last time it was that low was in August of 1978.” (“Labor Participation Lowest Since 1978,” CNN Money, 9/6/13)
Obamacare Forcing Part-Time, Temporary Work
“If this economic recovery feels part-time and temporary, it could be because so many of the jobs it is creating are part-time and temporary. Part-time employment has surged in recent months, highlighting both the tentative nature of this long, slow economic recovery and the changing dynamics of work. Through July, according to Labor Department statistics, the number of people working part time in the U.S. grew 4 ½ times as fast as the number of full-time workers. And the share of all workers who mainly hold part-time jobs is at levels not seen since the early 1980s.” (“Part-Time Work Often Involuntary,” St. Louis Post-Dispatch, 9/16/13)
“For Americans aged 16 to 24 who aren't enrolled in school, the employment picture is grim. Only 36 percent are working full time, down 10 percentage points from 2007. Longer term, the overall labor-force participation rate for that age group has dropped 20 percentage points for men and 14 points for women since 1989. This lack of jobs will damage the long-term careers of a big chunk of the next working generation.” (“A Dearth Of Investment In Young Workers,” The New York Times, 9/7/13)

Tags: Obama Economy, the economy, economy sucks To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 9:16 AM - Post Link

3 Comments:

Anonymous Kevin Pritchett said...

always has been, and will even get worse as long as he and his Marxist administration are in control!

9/18/2013  
Anonymous Joanne Filiatreau said...

But, Bill- Just this morning he told a large group that since he's been President our Deficit is coming down and our economy has improved!!!???

9/19/2013  
Blogger Bill Smith said...

Yea :)

9/19/2013  

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