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33 Facts Showing How Badly The Economy Has Tanked Since Obama Became President

33 Facts Showing How Badly The Economy Has Tanked Since Obama Became President
Robert Gehl

America’s dire economic situation has been largely ignored by the mainstream media, who pick and choose unimportant, irrelevant or misleading statistics to ensure citizens that things aren’t quite as bad as they seem.

Author Michael Snyder, who wrote the terribly pessimistic (but all-too-telling) “The Beginning of the End” has written a piece for  theeconomiccollapseblog.com titled “33 Shocking Facts Which Show How Badly The Economy Has Tanked Since Obama Became President.”

In it, and in great detail, Snyder explains irrefutable facts that point to our soured economy since President Obama took office. Here are the first five:

#1 When Barack Obama entered the White House, 60.6 percent of working age Americans had a job.  Today, only 58.7 percent of working age Americans have a job.

#2 Since Obama has been president, seven out of every eight jobs that have been “created” in the U.S. economy have been part-time jobs.

#3 The number of full-time workers in the United States is still nearly 6 million below the old record that was set back in 2007.

#4 It is hard to believe, but an astounding 53 percent of all American workers now make less than $30,000 a year.

#5 40 percent of all workers in the United States actually make less than what a full-time minimum wage worker made back in 1968.

Looking at some of these items – all meticulously sourced – it’s amazing that Obama won re-election. Then again, when you have the lamestream media in your back pocket, nothing is impossible – or improbable.

In 36 months, when the 2016 election is in full steam – if we haven’t pulled ourselves out of this mess, how will the media spin it then? This administration is beginning to make the term of George W. Bush look like a veritable panacea.


Economy
Robert Gehl

Robert Gehl is a professor at a local college in Phoenix, Arizona. He has over 15 years journalism experience, including two Associated Press awards. He lives in Glendale with his wife and two young children.

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