In case you haven’t seen this statistic yet, nothing exemplifies the horrific three years of Obama’s fake “recovery” more than the fact that since June 2009, 2.6 million jobs have been created in America (mostly temp positions or cashiers at McDonald’s and Wal-Mart), while 3.1 million have signed up for disability benefits. Hey, if we judge an economy based on growth in ponzi schemes and poverty, Obama is without a doubt the best President in U.S. history.
Key Quotes from the Investor’s Business Daily article:The disability ranks have outpaced job growth throughout President Obama’s recovery. While the economy has created 2.6 million jobs since June 2009, fully 3.1 million workers signed up for disability benefits.
In other words, the number of new disability enrollees has climbed 19% faster than the number of jobs created during the sluggish recovery.
And the disability ranks will continue to swell. In just the last month, almost 275,000 put in applications for disability benefits. Experts say that more people try to get on disability when jobs are scarce, and changes to eligibility rules enacted back in 1984 have made it far easier to qualify.
Read the full article here.
but taxes are historically low, corporate profits have been through the roof, and investors have been doing great. You guys told us these factors equal job growth.
ReplyDelete1:25 you know nothing of what you speak. Wrong on all three points. More socialist lies defrauding the minions.
ReplyDeleteThose GM and Chrysler bond holders are sitting on top of the world right now!
ReplyDelete3:03,you got that right.Its more like more enviromental regulation than ever in history to stop growth,bank regulations so banks have to stop lending,more disability regulations so lawyers can sue easier.
ReplyDeleteI want corporations to profit it causes my 401K to grow.We don't have a tax problem we have a spending problem.
ReplyDelete@1:25 What you're talking about is the tax rates of the 1950's which where by today's standards very high. But what you fail to mention is all of the tax loop holes so nobody ever paid the high rates.
ReplyDeleteHouses were smaller. Most families had one car (if any). Medical care was about what you’d get at a minor emergency center, at best.
Basically, everyone’s standard of living was probably about the level of what the poor/lower-middle class is today.
3:03, if I'm wrong then why were your GOP buds touting the Bush tax as exactly performing that tax (create historically low taxes)? Have you also not looked at corporate earnings over the last 2 years? And did you just ignore the rebound of stocks since 09?
ReplyDelete303 here's another gem for ya straight from Forbes.
ReplyDelete"In total, the Global 500 companies posted record revenues of $29.5 trillion, up 13.2 percent over 2010"