OBAMANOMICS: How's it working out for you?

Here are some frightening economic numbers to think about the next time you hear Democrats or the lying, manipulating mainstream liberal media claiming that we are in an “economic recovery.”
First, almost 50 percent of Americans have less than $500 in savings.  And, now one out of three residents of Obama’s home State of Illinois live in poverty.  A mind-numbing four of five Americans either are experiencing poverty, foreclosure or welfare, or they will in their lifetime. 
Obamanomics has massacred the American middle class.  Our middle class now ranks 27^th in the world.  I believe that Obama’s goal is to create a two-class society.  The super rich (who are beholden to Obama for corporate welfare and government contracts) and the very poor (who are beholden to Obama for checks to survive).  Look no further than the new immigration bill to see the final destruction of middle-class wages.

More grim news: Auto sales are collapsing.  Construction jobs are falling off a cliff.  And U.S. factory orders just suffered the biggest drop in a year.  What about jobs?  Isn’t that picture improving by the minute?   No way, that’s another lie.    Let’s take a close look at the real numbers.

Since the start of 2013, we’ve gained 953,000 jobs; but, amazingly, 731,000 of them are crummy, low-wage, part-time jobs. That’s means almost 80 percent of the jobs created in America are part-time jobs that won’t pay the bills of a typical middle-class lifestyle.  

The best jobs are manufacturing jobs.  Well, under Obama they are losing out by 10-to-1 versus crummy, low-paying jobs.  Facts don’t lie: So far this year more than 246,000 low-paying waiter or bartender jobs have been added to the U.S. economy, versus only 24,000 high-paying manufacturing jobs.   And a lot of the jobs that WERE full time jobs are cutting hours to avoid the expense of ObamaCare.

Speaking of ObamaCare, have you heard about this?   The Obama Administration just hired a company to promote Obamacare over the phone to Americans.  Guess what? Even those jobs are part-time, with no health insurance.

The head of the Internal Revenue Service just testified in front of Congress that he’d rather keep his own health insurance than switch to Obamacare.  The IRS is in charge of Obamacare, and they don’t want any part of it.   And the second-biggest employer in America is now a temp agency.  Good luck getting a quality job in this Obama economy.

Still not convinced? Food stamp rolls are growing 75 times as fast as employment.  The national debt has increased by 50 percent under Obama, even though he promised to reduce it.  Obama promised to reduce health insurance bills for an average American family by $2,500 per year.  Instead, your health bills went up by $3,000 per year.  The men’s labor participation is the lowest rate ever measured since they started tracking it in 1948.  And here’s the clincher: 90 million able-bodied, working-age Americans are not working.

All of this misery morphs together in one tragic new statistic of the Obama economy: There are more Americans getting “food assistance” checks (101 million) than working in the private sector (97 million).  We are certainly witnessing the complete destruction of the middle class.  

Detroit, the biggest city to ever go bankrupt, has been run by Democrats since 1962. That’s more than half a century of 100 percent Democrat rule, using the exact same policies as Obama.  The city is now in ruins.  Detroit leads the Nation in illiteracy, welfare, food stamps, violent crime, murder, abandoned properties and broken street lights.

The city of Detroit’s downfall is built around four core ideas: never-ending entitlement spending, the most government employees per capita of any city in America, monstrous debt and the highest property taxes in America.  It’s no surprise then that Detroit is hopelessly bankrupt.  Sadly, that’s Obama’s exact prescription for prosperity for the entire  Nation?  Higher taxes, more spending, more debt and more government employees.

If you’re waiting for things to improve, don’t hold your breath.  Help isn’t coming, folks. The cavalry isn’t riding in to save you. If anything, they’re coming to kill us.

Detroit certainly is a picture of the future of America under Obamanomics.  It’s the exact same policies.   It’s insane: doing the same stupid things and expecting a different result.

One finale thought: The EU is in the middle of a Great Depression.  Countries like Spain, Portugal, Italy, France, Greece and Cyprus face total disaster.  Their economies are ruined for generations to come.  Yet America under Obama now has more debt than every country in the European Union, combined.  Our country has more government debt than any country in the history of the world.

Obama has increased government spending, deficits and debt, which only drains the private sector of the resources to create good middle class jobs, and economic growth and prosperity.  And he has cheer-led a weak dollar Fed monetary policy that only chases off investors who don't want to invest in dollars that the Fed is depreciating over time."