Randy131 wrote:
How ironic that when Obama became President, in the throes and depths of the Bush recession, there were only 17 million American people on 'Welfare & Food Stamps', but after 7 years and 6 months straight of Obama's declared economic recovery of June 2009, there are now nearly 50 million American people on 'Welfare & Food Stamps'. Please explain just how something like that is possible if the USA really did come out of a recession, and went into an economic recovery for 7 years and 6 moonths straight? Also during that same period of supposedly 7 years and 6 months straight of an economic recovery, Obama dropped over 15 million unemployed American people of working age (16 years to 54 years of age) from the 'US Workforce', because they've been without a job for 52 weeks and longer, in order to falsely lower the US 'Unemployment Rate'. This raised the number of unemployed American people of working age that the 'Bureau of Labor Statistics' (BLS) then no longer counts in the 'US Workforce' to the historic record setting high number of over 95 million unemployed American people, bringing the participation rate of the 'US Workforce' to it's lowest level in the last 40 years, and all during a supposed economic recovery of 7 years and 6 months. With the over 8 million unemployed American people that the BLS still counts in the 'US Workforce' because they haven't been without a job for 52 weeks yet, is added to the over 95 million unemployed American people that the BLS no longer count in the 'US Workforce', the true number of unemployed American people then totals approximately 104 million unemployed American people, from the number of American people of working age reported by the BLS that resides in the USA of 256 million American people of working age. When using these numbers and doing the calculated math for an 'Unemployment Rate', gives us a real and true rate of just over 40% unemployment in the USA at the end of Obama's Presidency. Something is very wrong with this supposed situation and these economic statistics, meaning someone has lied terribly and tremendously to the American people. This only proves that many federal government employees, and all Democrats, have been colluding in telling the American people many lies about the condition of the US economy during Obama's Presidency and administration, and that collusion includes the liberal biased mainstream media (NBC, MSNBC, CBS, ABC, & CNN).
How ironic that when Obama became President, in th... (
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Obama dropped over 15 million unemployed American people of working age (16 years to 54 years of age) from the 'US Workforce', because they've been without a job for 52 weeks and longer, in order to falsely lower the US 'Unemployment Rate'.
President Obama pushed for the continuation--and expansion--of extended benefits throughout his first term.
Finally, after years of slack labor markets, in July 2013 the unemployment rate fell below 7.5%.