Thursday, October 20, 2011

It's Jimmy Carter All Over Again

All that "hope and change" nonsense is destroying our country, and Americans are paying bitterly. America will not survive if voters are foolish enough to entrust the leadership of our nation to Barack Obama for another four years.

Take a look at some of the results of an Obama nation.

From Weasel Zippers:

Obamanomics: Americans Standard Of Living Nosedives, “Most Dramatic Drop Since At Least 1960”….

"Hope and change.

(CNBC) — 'Think life is not as good as it used to be, at least in terms of your wallet? You’d be right about that. The standard of living for Americans has fallen longer and more steeply over the past three years than at any time since the US government began recording it five decades ago.

Bottom line: The average individual now has $1,315 less in disposable income than he or she did three years ago at the onset of the Great Recession — even though the recession ended, technically speaking, in mid-2009. That means less money to spend at the spa or the movies, less for vacations, new carpeting for the house, or dinner at a restaurant.

In short, it means a less vibrant economy, with more Americans spending primarily on necessities. The diminished standard of living, moreover, is squeezing the middle class, whose restlessness and discontent are evident in grass-roots movements such as the tea party and “Occupy Wall Street” and who may take out their frustrations on incumbent politicians in next year’s election.

What has led to the most dramatic drop in the US standard of living since at least 1960? One factor is stagnant incomes: Real median income is down 9.8 percent since the start of the recession through this June, according to Sentier Research in Annapolis, Md., citing census bureau data. Another is falling net worth — think about the value of your home and, if you have one, your retirement portfolio. A third is rising consumer prices, with inflation eroding people’s buying power by 3.25 percent since mid-2008
.'"

From Weasel Zippers:

Obamanomics: Number of Unemployed Americans Hits An “Unprecedented” 26 Million

"Anyone but Obama (ABO) in 2012, America can’t withstand another four years of this.


(US News) — While the number of unemployed workers has held steady at around 14 million in recent months, another telling measure of frustration in the labor market — the number of underemployed individuals — rose for a third consecutive month in September, by almost a half of a million people.

Almost 9.3 million Americans are considered underemployed, defined by the Bureau of Labor Statistics as working part-time for economic reasons, such as unfavorable business conditions or seasonal declines in demand. That’s up from just over 8 million in July, but down from a peak of about 9.5 million in September 2010. In addition, about 2.5 million individuals are considered “marginally attached to the labor force,” meaning they were not in the labor force, wanted and were available for work, and looked for a job sometime in the prior 12 months. (They are not counted as unemployed because they had not looked for a job in the past four weeks prior to the survey.)

Put together, almost 26 million Americans are either unemployed, marginally attached to the labor force, or involuntarily working part-time — a number experts say is unprecedented
.'


Keep reading…"


More bad news from Weasel Zippers:

Hope And Change: U.S. “Misery Index” Hits 28-Year High

"Don’t worry, King Obama and Queen Michelle are still living it up.


(CNBC) — 'An unofficial gauge of human misery in the United States rose last month to a 28-year high as Americans struggled with rising inflation and high unemployment.

The misery index — which is simply the sum of the country’s inflation and unemployment rates — rose to 13.0, pushed up by higher price data the government reported on Wednesday.

The data underscores the extent that Americans continue to suffer even two years after a deep recession ended, with a weak economic recovery imperiling President Barack Obama’s hopes of winning reelection next year
.'"

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