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Monday, December 12, 2016

Moving Backwards: Despite Claims Of A Recovery, "Economy Is In Reverse"

The middle class is still struggling for something tangible, but things remain pretty frustrating for most people.

It could actually feel like things are going in reverse… and that each piece of economic interaction squeezes just a little bit harder.

via the Washington Examiner:

A new report on the economy finds that productivity growth is at a 50-year low and that much of the positive talk about the nation’s financial situation in the last election, much of it coming from the administration, was a lie.

The report from the U.S. Council on Competitiveness and Gallup finds that for many, the economy is in reverse despite claims that there is an active recovery ongoing, complete with new jobs.

The report makes clear that Obama Administration propaganda and media claims that a recovery is underway were carefully-coordinated lies… quite simply, there is no recovery and things are getting worse all the time for America’s swelling numbers of working poor:

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2 comments:

Anonymous said...

Obama began his tenure blaming the previous administration. He has had 8 years to fix it. We are now at a debt level unprecedented and more than the 43 prior administrations combined, more people out of work than ever before (nearly 1/3 of the country), more welfare recipients, a divided nation not seen since civil rights days, a fractured health care system, no respect from other world leaders, and a terrorist organization firmly embedded. Thanks Barack...good job.

Anonymous said...

This is why Trump won. No matter how much Obama lies to us. We KNOW the economy isn't getting better. You can't fool the soldiers on the front lines!