Last week President Obama claimed by almost every metric, the U.S. is significantly better off under his leadership than under Bush. What he neglected to mention is:
• 1) The most basic metric for how well the country is doing is median household income – are families making more today than in years past?
We are still well below where we were when Obama took office, and that is despite the massive amount of government spending and monetary policy stimulus.
Median household income, after taking inflation into account, is where it was back in 1989, twenty-six years ago.
• 2) The percentage of people actually working is down to levels not seen since the early '*80s* and well below the ratio during George W. Bush’s presidency.
• 3) Why weren't more jobs created during the Bush era? Under Bush, we were at full employment for 5.5 years, while Obama has not been able to make that claim for one month.
• 4) 2.2 million Americans are in part-time jobs who want to work full time, still far above the level at the start of the recession and during Bush's entire presidency.
• 5) People are making less, fewer people are working, and the debt burden has skyrocketed. When Obama took office, the total Federal Debt was $10.7 trillion.
Today it is over $18 trillion and expected to be well over $19 trillion by the time Obama leaves office. That’s more than an 80% increase in just 8 years, nearly doubling!
• 6) We have also had the weakest economic recovery in the nation’s history. For the first time ever, U.S. GDP has contracted twice since the recovery and on an annual basis remains well below historical norms.
Normally after a recession, we experience a period of above average growth which helps repair the damage experienced during the recession. Not only did we never get that above average growth, but the economy continues to stumble along at very weak levels.
And Hillary Clinton isn’t clarifying, nor is her team responding to questions about her husband honoring the flag as Arkansas governor in 1987.
TheBlaze left phone and email messages with the Clinton campaign Monday inquiring whether the button, and other similar designs sold on eBay, was part of the official campaign of Bill Clinton and Al Gore.
TheBlaze also asked if the former Arkansas first lady opposed now or opposed then an act signed by her husband honoring the Confederate flag. The Clinton campaign did not respond to either question.
The Confederate battle flag has become an issue following last week’s shooting massacre at a black church in Charleston, South Carolina. The Confederate flag is still flown on the South Carolina Capitol grounds. After increasing calls for its removal, Gov. Nikki Haley (R) on Monday called for the flag to finally come down.
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