Posts Tagged ‘Unemployment’

The President was wrong. Dead wrong. And continues to be wrong about the U.S. economy. Since January 2009, the United States has experienced 54 continuous months of unemployment at or over 7.5 percent while reaching a high of 10% October 2010.

As Rick Pritikin, author of Why Did I Lose My Job If God Loves Me? reports, according to the current report from the Bureau of Labor Statistics, this is the longest stretch of unemployment at or above 7.5% since the Bureau first started tracking the naObama on the Government Shutdowntional unemployment rate back in 1948.

Estimates place the effective unemployment rate at 16% when we take into consideration those who have stopped looking or dropped out of the purview of the numbers. The August Jobs Report found a mere 47% of Americans have a full-time job. No wonder food stamp recipients have skyrocketed 70% under Obama.

I’m not surprised—this man hasn’t run a lemonade stand, so why would anyone think he can run the world largest economy?

The one thing Obama does appear to be good at is planning and enjoying vacations. Lot’s of ’em. Earlier this year when he was spreading panic over the sequester, the Obama’s took FOUR vacations—translating into more than one a month for January, February, and March.

And who could forget President Obama’s 100 million dollar vacation in June—while the rest of us cut out our vacations, we’ve still had to pay for his 14 limousines, 56 support vehicles, Air Force One, secret security, fighter jets protecting the airspace overhead, and a hospital ship anchored nearby for any medical necessities—no doubt one of those ObamaCare perks.

Must be nice to be king.