Some Facts To Refute Obama’s Claims of Economic Recovery
According to statistics available by both the Department of Labor and Social Security, the number of people filing for Social Security Disability has FAR OUTPACED "job growth" under Barack Hussein Obama.
The Obama Administration claims to have "created or saved" 2.6 million jobs in the last three and a half years. PROBLEM: 3.1 million people have filed for and received Social Security Disability.
In other words, the number of new disability enrollees has climbed 19% faster than the number of jobs created during the so called "recovery." More "Hope and Change!"
But wait! There’s more! For the past 41 consecutive months during the Obama Administration, unemployment has remained over 8%. In the past 60 years, unemployment has been over 8% for a grand total of 39 months – and those weren’t consecutive!
The hits just keep on coming too. There are 5.4 million people who’ve been out of work over 30 weeks, which is just over 1,000,000 people than before the so-called “recovery” began.
The average length of unemployment in this country is now 21 weeks. Since the Department of Labor began tracking this statistic more than 69 years ago, that number had never exceeded 10 weeks.
We also now have 49 million people receiving food stamps. At the beginning of the Obama administration, it was 30 million.
Adjusting for inflation, the average annual household income has dropped 5.5% from June, 2009 to May of 2012.
Just some facts next time Barack Hussein Obama says the American Middle Class is doing “just fine.”